A short YouTube segment in which Craig Wear, CFP® discusses how to decide when during the year to perform IRA conversions. He frames the decision as choosing a game plan based on personal beliefs about stock and bond market direction (e.g., whether stocks will rise or fall, or whether interest rates will move), which then guides conversion timing.
So when it's time to do the conversion, when it's time to initiate the game plan, when do you do it during the year? Well, this one's going to kind of come down to you. You've got to decide which game plan you're going to go with the plan. A game plan is you got to take a stand. You got to decide, do I believe the stock market's going to go up or go down? Or if you're in bonds, do I think interest rates are going to go up or go down? And I know it can be a little bit complicated, but just generally, what is your belief about the rest of the year once you decide that you're going to do conversions?
